South America Positioned as Key Player in Western Critical Minerals Strategy
South America is emerging as a crucial player in the diversification of critical minerals for Western countries, according to a report by Verisk Maplecroft. The region, particularly countries like Argentina, Brazil, Chile, and Peru, is identified as a stable option for sourcing essential minerals such as lithium, copper, cobalt, nickel, graphite, and rare earth elements. This stability is attributed to moderate state intervention and low resource-nationalism risk, making these countries attractive for Western supply chains. In contrast, other regions like the Democratic Republic of Congo, Indonesia, and Tanzania are considered high-risk due to political volatility and assertive state control. The U.S. and EU are actively seeking to secure mineral supplies from these stable regions to support their strategic mineral needs. 
